We get this a lot on our site the answer to Etoro Premium Account….Questions that i speak with new financiers what if you’re brand new to investing you just don’t want to choose what you really want to invest and you want someone to do it for you there’s only a number of ways that that can occur the first off you can employ an investment portfolio supervisor they’ll usually charge a rather a high premium to do that perhaps one or two percent of your earnings will go to them the other thing is naturally you can buy mutual funds specific funds are created once again with an account supervisor in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios also now if you’re brand new to an overall please bear in mind this platform is quite innovative you can do cfds which of course cfds are methods of investing
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with not in fact having the total of capital so with anything that you’re learning more about please do study the platform don’t just assume due to the fact that i utilize it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that alternative also so you in fact get utilized to the structure of the website and after that when you’re ready to use your own money to invest you can do so now i will disclaim of course your capital is at risk this is investing we’re doing you’re purchasing genuine business if you pick to in this specific video we’re speaking about how to copy other people’s investments with your money so clearly your capital is at danger and we have to bear that in mind do not simply do something since that individual has actually said they’ve made earnings 14 months in a row invest in these options since you think is the ideal ones for you and that being said let’s dive straight in [Music] so the things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it belongs to social trading which is one element that is most likely.
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famous for it’s the choice to see what other traders are doing unbelievable we don’t usually get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading therefore that means with our money we can really say i wish to do precisely what that trader is doing or match that specific portfolio of alternatives and essentially whenever they make a trade they buy they offer whatever they do your cash will be mimicked with it so that implies if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees involved truly crucial you understand what are the costs of this now with any platform there will be some cost to certainly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even some of the zero fee sites then might not charge you for in fact buying and selling funds or etfs individual products individual stocks.
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there’ll be costs on other parts maybe it’s our fx rate when you’re changing from uk to u.s dollars there’s all type of charges associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to understand before you really start purchasing copy trading or copy portfolios and finally some finest suggestions best practices if you are thinking about this as a tool whether you start your journey or your advanced financier so let’s start with costs really crucial to understand these now on there’s a number of fees there isn’t fees to do with really buying and selling alright so commission costs are free nevertheless there are a couple of other charges the very first one is withdrawal costs so you can clearly put cash in now if you’re in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later however when you want to withdraw your cash so you sell your shares you sell your products whatever you’re offering the minimum quantity you can withdraw is thirty dollars back out and they do charge you 5 dollars per withdrawal so for me of course knowing that i’m going to make certain that i’m only withdrawing when i definitely require to now you may state alright that’s rather costly and i get that but it’s all to do with how they run their platform they need to charge fees someplace and withdrawal charges are just one of those options that they have a lot of platforms certainly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals mainly it can be perhaps even once a year when every 6 months you know depends entirely how you’re investing but that is a cost to keep in mind the 2nd cost that i’ve touched upon is that conversion charge now with you’re handling us dollars just there’s not an option to buy in euros or uk and that’s great that matches me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m buying and even some crypto so i’m good with that we have what’s called the fx currency conversion cost now when you utilize anyone so if you’re utilizing trading 2 and 2 open market anybody this is basic they have actually i expect stuck to whatever charge they charge for that conversion rate you kind of have to accept you understand if you want to utilize their platform go from uk to us then that conversion cost is there what are they really giving you in terms of your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and say provide me us dollars instead you have to pay their costs now the great feature of though when you’ve transformed your cash you do not need to invest it immediately that dollar worth can being in your portfolio as cash dollars for as long as you like so that implies the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any additional charges so that’s truly good utilizing that part of their website will not certainly restrict you in any way however we need to know 2 other costs the very first being what’s called spread charges fine and i’m going to show you what i indicate on now a spread charge as i’m going to reveal you
on is generally the distinction that is part of the financial investment platform between the buy price and the sale price okay it’s their premium on doing both those 2 actions now tesla if you can see on this part of the website today tesla’s dollar value 599 per share in tesla that actually means that when you wish to sell or buy as you can see it’s not the rate you’re seeing up here let me show you that once again so the current price of tesla is the value of a share what’s called spread charges is the difference then in fact to purchase that share on the platform and you’ll find this everywhere this is another manner in which they make a percentage of benefit from you each time you do a purchaser’s share so keep that in mind certainly it’s more pricey to purchase than it is to sell so they’re going to give you less back with your sale and you say all right well why does that occur it just does that is the nature of a lot of platforms out there there’s a distinction in between if you’re buying it then you want to sell it and that is how they make a little bit of cash on those spread costs it’s typically extremely small it could be a matter of pens matter of cents in there but that’s one place every investment company will again make a little bit money now the last accomplishment is called an
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overnight cost now this is truly important if you’re in fact utilizing cfds yourself too an overnight cost is when you’re refraining from doing that buy offer transaction in the same day all right there’s then an over night charge charged or even if you go from the friday to the monday prior to sailing a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the commodity and using time one utilize which implies you’re actually purchasing the specific asset instead of using leverage anyway you won’t get hit with these costs but these charges are if you’re utilizing utilize and cfds and after that you’re going to have these fees if you’re not buy offering in the very same day so let’s state if you enter into the assistance area this isn’t the overnight costs info you can see precisely the breakdown and it’ll tell you what are the charges what are the fees then for when you’re doing over night or you’re doing over weekends and that just uses as i said to cfds there are some added fees obviously depending on what you are investing in also this is on your own so keep that in mind however full charges are completely within their assistance info fine and we spoke about in addition to totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular commodity stock shares whatever there’s that 5 dollar withdrawal charge now another thing to call it as i have actually stated copy trading and copy portfolios are 2 different ways of really using these copy operates they don’t have any additional charges on top of the regular charges that
exist now what you require to bear in mind though is these possibly managed by other people completely or often have produced portfolios you’ve got a real individual doing the management you need to make sure you select the individual that’s right for you just like any line of work this is your monetary possessions so we absolutely need to ensure it’s the right person for us prior to we copy them so the first things i would call it if you do want to use this function we have actually got a number of various alternatives for us first of all if you’re brand new to investing i want to draw your attention to this within you have the alternative to invest genuine cash or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t need to put in your charge card details or anything you can generally have this virtual portfolio mimic as if you are utilizing your own cash however really buy pretend buy copy people whatever you like if you’re not
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feeling comfortable with utilizing your genuine money possibly this is a terrific alternative for you once again to evaluate the theories fine you might wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe have fun with it certainly you might have lost out on gains and losses throughout that time obviously if you had invested your real money it enables you to develop confidence comprehend the platform so that’s one alternative for you then next week and i’m going to go back to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to keep in mind before you select someone that you’re going to copy or a portfolio you’re going to copy ensure you comprehend what your threat profile is now what do i suggest by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be risk just suggests am i fine with potentially losing a great quantity of this investment or acquiring as
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well now remember everything is ups and downs you will make money you’ll lose money that’s why they make the figure 75 people will lose money but that similarly suggests they’ll lose eventually in their journey undoubtedly people do earn money as well and i’ve got videos all about how you can make sure you’re one of the people to actually generate income however in this scenario ensure you research study your danger level would you be alright providing your money to another person which is effectively what you’re doing and trusting them ensure you comprehend what they’re purchasing fully if you’re someone who isn’t wanting to be that dangerous don’t select somebody who’s entirely into crypto or currency conversion think of it you ‘d probably want a foundation of strong commodities
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like gold and even oil plus more conventional etfs and index funds you might not desire some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can actually utilize this too actually easily over here you can copy individuals now it will provide you a great deal of options and you can use the system to really look for somebody that you elegant really following so let’s see maybe we desire somebody from unified kingdom um who purchases let’s see who does etfs they’ve gotten at least 10 yeah that sounds fair that sounds a great amount and i can discover everybody who has satisfied that criteria and it does offer you a threat element too so it tends to be the higher the number the more riskier they are with their stock investing now undoubtedly there are a variety of individuals that have quite high returns
keep in mind it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no chance to guarantee so do keep that in mind and as basic as clicking the copy button and off you go and then you understand ask you to verify are you all right with this and off you go now another method to actually deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually buying so let’s go into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a little bit so that’s good to understand ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine in fact that i buy too which is good so actually for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that appears to be what she chooses she’s also got a little bit more um of the type of main food companies and you’ve got you know pharmaceutical and production companies as that. Etoro Premium Account.
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